CBO: Senate Health Bill Leaves 22M More Uninsured

The bill was so bad, in fact, that even President Donald Trump apparently felt like he needed to change the subject to something less politically radioactive: former FBI Director James Comey and the Russian Federation scandal.

A nonpartisan group representing Republican and Democratic state officials who administer Medicaid programs says the GOP health care legislation advancing toward a Senate vote will not work. "We don't have too much of a choice, because the alternative is the dead carcass of Obamacare".

McConnell said health care is "a big complicated subject", and complicated bills are "hard to pull together and hard to pass".

Senator David Perdue said earlier that he believed a vote would not occur this week as planned, but possibly "the first week when we get back" from the July 4 Independence Day recess.

Because it forced people to obtain health insurance or pay a penalty, Obamacare provided tax subsidies to help people - up to a certain income level - pay for it.

"Were optimistic that were going to get a result that's better than the status quo", McConnell said.

After news Tuesday that Senate Majority Leader Mitchell McConnell delayed a procedural vote on Republicans' healthcare reform bill, GOP senators visited President Donald Trump in the White House for an emergency closed-door meeting.

The budget office report said the Senate bill's coverage losses would especially affect people between ages 50 and 64, before they qualify for Medicare, and with incomes below 200 percent of the poverty level, or around $30,300 for an individual.

Sen. Ron Wyden (D-OR) said the bill would "hit millions of working people and seniors like a wrecking ball".

However, the bill would reduce the budget deficit by a total of $321bn (£252bn) in 2017-2026, the non-partisan Congressional Budgetary Office said.

Republican Senator Lisa Murkowski confirmed that the vote had been put off. Around 15 million more people would lack insurance by 2017. CBO analysis shows Senate bill won't do it. The increase in the number of uninsured people relative to the number projected under current law would reach 19 million in 2020 and 22 million in 2026. "Ideas such as extending cost-sharing reduction payments to stabilize the individual insurance market should be the start of serious discussions on how to improve the current law so we can ensure that high-quality, affordable health insurance is within every American's grasp". "GOP is hiding the worst Medicaid cuts in years 11, 12, 13 and hoping CBO stays quiet", wrote Sen. And small tweaks over the course of the next couple weeks, under the guise of making these bills easier to stomach, can not change the fundamental meanness at the core of this legislation.

"This moment can not pass without comment", the group's chairman said in the statement.

The bill would repeal a tax on wealthy investors, saving them about $172 billion over the next decade. In addition to its draconian cuts to Medicaid, the bill will also change the private insurance market by adjusting financial assistance eligibility benchmarks to include fewer middle-class people and by reducing the amount of assistance people will receive.

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